You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the adept advice and tools needed to succeed throughout life ’ s fiscal journey. Bankrate ’ s editorial team writes on behalf of YOU – the reader. Our finish is to give you the best advice to help you make smart personal finance decisions. We follow rigid guidelines to ensure that our column message is not influenced by advertisers. Our column team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. so, whether you ’ re reading an article or a revue, you can trust that you ’ re getting credible and dependable information. We prize your faith. Our mission is to provide readers with accurate and indifferent information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check column contented to ensure the data you ’ ra recitation is accurate. We maintain a firewall between our advertisers and our editorial team. Our column team does not receive direct compensation from our advertisers. Bankrate follows a rigid column policy, so you can trust that we ’ rhenium putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right fiscal decisions. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we ’ re putting accuracy first. Our policy team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer serve, policy features and savings opportunities — so you can feel convinced about which provider is correct for you. Bankrate follows a nonindulgent column policy, so you can trust that we ’ re putting your interests first. All of our capacity is authored by highly qualify professionals and reviewed by discipline matter experts, who ensure everything we publish is objective, accurate and worthy of your trust. Founded in 1976, Bankrate has a long track record of helping people make bright fiscal choices. We ’ ve maintained this repute for over four decades by demystifying the fiscal decision-making process and giving people confidence in which actions to take next. While we adhere to strict column integrity, this military post may contain references to products from our partners. hera ‘s an explanation for how we make money. This content is powered by HomeInsurance.com ( NPN : 8781838 ). For more information, please see our Insurance disclosure. evening 20-year-old drivers who have a few years of driving experience can inactive pay, on average, goodly annual policy premiums due to their above-average accident frequency, according to the Insurance Information Institute ( Triple-I ). The average cost of fully coverage car policy for 20-year-olds is $ 3,794 per year. For minimum coverage car policy, 20-year-olds spend an average of $ 1,125 per year. Car insurance can be costly for 20-year-olds, but understanding the nuances of how your rate is calculated and what you can do to lower your premium might help you fit your coverage into your budget .
How much is car insurance for a 20-year-old?
20-year-olds pay an average of $ 3,794 per year for full coverage car policy, according to premium data from Quadrant Information Services. Although this is less than what 18- and 19-year previous drivers pay on average, it is still far more than the home annual average cost of full coverage car insurance, which is $ 1,674 per year. 20-year-old drivers are inactive considered to be relatively inexperienced by car insurers, which typically charge higher premiums to compensate for the greater risk of claims. You should see your premium begin to drop as you get older, assuming you maintain a clean drive record .
Average car insurance costs for 20-year-old men and women
In most states, car policy policies are partially rated based on your gender. Statistics show that men engage in riskier driving habits than women do, which puts them at a higher risk for accidents. Because of this, men typically pay more than women for cable car policy in states that divisor sex in rates .
| Average annual full coverage premium for 20-year-old female driver | Average annual full coverage premium for 20-year-old male driver |
|---|---|
| $3,491 | $4,097 |
Average car insurance cost for 20-year-olds by state
Every express has its own insurance laws, which can affect the modal rates for car policy at any old age. additionally, each state of matter has disagree average rates of accidents and weather-related damage, a well as variable costs associated with checkup care and fomite repairs. All of these factors affect the average rates for car policy in your department of state .
| State | Average annual full coverage premium for 20-year-old male | Average annual full coverage premium for 20-year-old female | Overall average annual full coverage premium for 20-year-old drivers |
|---|---|---|---|
| Alabama | $4,677 | $3,817 | $4,247 |
| Alaska | $3,926 | $3,172 | $3,549 |
| Arizona | $3,642 | $3,135 | $3,388 |
| Arkansas | $4,829 | $3,916 | $4,372 |
| California* | $4,001 | $3,966 | $3,984 |
| Colorado | $4,954 | $4,058 | $4,506 |
| Connecticut | $4,892 | $3,929 | $4,410 |
| Delaware | $4,805 | $3,899 | $4,352 |
| Florida | $6,194 | $5,258 | $5,726 |
| Georgia | $5,390 | $4,124 | $4,757 |
| Hawaii* | $1,294 | $1,294 | $1,294 |
| Idaho | $2,931 | $2,365 | $2,648 |
| Illinois | $3,989 | $3,279 | $3,634 |
| Indiana | $3,231 | $2,666 | $2,949 |
| Iowa | $2,935 | $2,371 | $2,653 |
| Kansas | $4,225 | $3,452 | $3,838 |
| Kentucky | $6,040 | $4,846 | $5,443 |
| Louisiana | $6,398 | $5,446 | $5,922 |
| Maine | $2,671 | $2,073 | $2,373 |
| Maryland | $5,010 | $3,922 | $4,466 |
| Massachusetts* | $3,127 | $3,126 | $3,127 |
| Michigan* | $5,752 | $5,740 | $5,746 |
| Minnesota | $3,584 | $3,082 | $3,333 |
| Mississippi | $4,252 | $3,409 | $3,830 |
| Missouri | $4,335 | $3,518 | $3,926 |
| Montana* | $4,240 | $4,240 | $4,240 |
| Nebraska | $3,789 | $3,014 | $3,401 |
| Nevada | $5,275 | $4,465 | $4,870 |
| New Hampshire | $3,171 | $2,422 | $2,797 |
| New Jersey | $4,571 | $3,871 | $4,221 |
| New Mexico | $3,300 | $2,772 | $3,035 |
| New York | $5,335 | $4,323 | $4,829 |
| North Carolina* | $1,656 | $1,656 | $1,656 |
| North Dakota | $2,884 | $2,411 | $2,648 |
| Ohio | $2,951 | $2,413 | $2,682 |
| Oklahoma | $4,098 | $3,484 | $3,791 |
| Oregon | $3,171 | $2,738 | $2,955 |
| Pennsylvania* | $3,813 | $3,813 | $3,813 |
| Rhode Island | $4,660 | $3,834 | $4,247 |
| South Carolina | $4,121 | $3,331 | $3,726 |
| South Dakota | $3,506 | $2,930 | $3,218 |
| Tennessee | $3,548 | $2,940 | $3,244 |
| Texas | $4,961 | $3,944 | $4,452 |
| Utah | $3,533 | $2,925 | $3,229 |
| Vermont | $3,909 | $3,171 | $3,540 |
| Virginia | $3,615 | $2,871 | $3,243 |
| Washington, D.C. | $4,275 | $3,427 | $3,851 |
| Washington | $3,325 | $2,734 | $3,029 |
| West Virginia | $3,833 | $3,195 | $3,514 |
| Wisconsin | $2,827 | $2,390 | $2,609 |
| Wyoming | $3,406 | $2,661 | $3,034 |
*These states prohibit insurers from using gender as an car policy evaluation factor .
Best car insurance companies for 20-year-olds
Although price is crucial when shopping for insurance, it is not the only gene to consider when choosing your car insurance company. Bankrate ’ s team of insurance editors obtained current agio information for the largest policy companies by market share in the area. After analyzing the datum, we besides reviewed each company ’ second coverage options, discounts, policy features and third-party rankings. For 20-year-olds looking for the best car insurance, getting quotes from major carriers Geico, State Farm, Progressive and Travelers might be a good starting place :
| Car insurance company | Average annual full coverage premium for 20-year-old female drivers | Average annual full coverage premium for 20-year-old male drivers | Overall average annual full coverage premium for 20-year-old drivers |
|---|---|---|---|
| Geico | $2,601 | $2,846 | $2,724 |
| State Farm | $2,645 | $3,168 | $2,907 |
| Progressive | $3,108 | $3,576 | $3,342 |
| Travelers | $3,133 | $3,664 | $3,399 |
Geico
Geico has the lowest average rates for 20-year-olds of any provider on our list. In addition, the company might appeal to young drivers for its highly-rated digital tools. The party earned the peak spot in the J.D. Power 2021 U.S. Digital Experience Study for the Service category, meaning that most customers are very satisfy with Geico ’ s digital serve. The mobile app lets you pay bills, file claims, call for wayside aid, see ID cards, make policy changes and more. Geico is besides known for having one of the most robust lists of discounts in the diligence, with savings for federal employees, military members and condom drivers, among others. Geico carries an A++ ( Superior ) fiscal lastingness evaluation from AM Best, the highest available. attractive coverage options from Geico include rideshare coverage, which could be authoritative to individuals who use their vehicle to earn money. however, the company does not offer gap insurance, so if you need that coverage type to protect your car loan, you may want to consider another option. Learn more : Geico Insurance review
Read more: The Best Car Insurance Companies for 2022
State Farm
If you are looking for a well-established company with the slant of history behind it, State Farm might be a dear choice. In accession to offering the second-cheapest average rates on our list, State Farm is the largest personal car insurance company in the state and sells its products through a network of 19,000 local agents. Young drivers might be particularly drawn to State Farm ’ s Steer Clear usage-based indemnity platform, which can save you money and help oneself you learn safer driving habits. You may besides be able to lower your premium by benefiting from a student deduction or taking an accredited driver aim course. State Farm holds an A++ ( Superior ) fiscal lastingness denounce from AM Best. however, the caller received more complaints than average, filed with the National Association of Insurance Commissioners ( NAIC ). Learn more : State Farm Insurance review
Progressive
progressive ’ randomness car policy tools can save you both time and money. If you are on a budget, the Name Your Price tool can help you find coverage options that will fit in your fiscal plan. You can besides compare quotes from other companies through Progressive ’ s web site, which could help you determine if another party has a better price for the lapp charge of coverage. If you plan to get your quotation about and buy your policy on-line, Progressive might be a good choice. The company offers savings for on-line quotes and purchases. however, you can besides purchase Progressive ’ second car insurance through its national network of independent agents. Like our other top companies, Progressive has a potent remainder sheet and is rated A+ ( Superior ) by AM Best. however, the company received a below-average claims atonement score from J.D. Power. Learn more : progressive Insurance review
Travelers
Travelers has the highest average rates for 20-year-old drivers on our list, but the company ’ s extensive menu of optional coverage types might make up for the higher premium. You can add options like loan/lease gap coverage, new cable car replacement, accident forgiveness or ridesharing coverage to personalize your car indemnity policy. You might be able to lower your agio by earning commodity grades or maintaining a clean driving record. Travelers carries an A++ ( Superior ) fiscal persuasiveness rate from AM Best. however, Travelers has a greater number of complaints filed with the National Association of Insurance Commissioners ( NAIC ) than the industry baseline of 1.0. Learn more : Travelers Insurance review
Cheapest car insurance for 20-year-old drivers
Because 20-year-olds pay relatively high average premiums for car indemnity, finding a brassy provider might be high on your list of priorities. fortunately, there are numerous carriers who offer coverage that is lower than the national median monetary value of full coverage for 20-year-old drivers .
| Car insurance company | Average annual full coverage premium for 20-year-old female drivers | Average annual full coverage premium for 20-year-old male drivers | Overall average annual full coverage premium for 20-year-old drivers |
|---|---|---|---|
| USAA | $2,303 | $2,541 | $2,422 |
| Erie | $2,168 | $2,676 | $2,422 |
| Geico | $2,601 | $2,846 | $2,724 |
| Auto-Owners | $2,529 | $2,953 | $2,741 |
| State Farm | $2,645 | $3,168 | $2,907 |
These are average premiums, but the price you pay for car indemnity will depend on more than a twelve person denounce factors like the type of car you drive, how a lot you drive per year, coverage types and deductibles you choose, your claims history and motive vehicle record, according to the Triple-I. You may pay more or less than the agio cited above .
How to save on car insurance for 20-year-olds
20-year-olds can by and large expect to pay relatively senior high school car insurance premiums when compared with the national average, but there are ways that you can save on your premium .
Shop around
cable car insurance can be expensive in your 20s. One of the best ways to save is to research your options. You may want to look for companies that offer discounts that apply to you, such as distant scholar or estimable scholar discounts. Some companies offer usage-based and telematics programs that award discounts for dependable drive. Companies use different underwrite processes to determine your rate, so you may benefit from comparing quotes from multiple policy providers. If you ’ re not sure where to start, an independent policy agent may be able to help you find cable car policy providers that offer a wide stove of discounts and offer more low-cost indemnity options for 20-year-olds .
Take advantage of discounts
Although every party will typically have a unique suite of insurance discounts, most companies offer at least a few to help lower your premium. Choosing a company that has one or more discounts that you qualify for can help you save. common discounts for 20-year-old drivers include going paperless, paid-in-full and good scholar discounts .
Choose a higher deductible
Understanding your car insurance deductible is important. If you have full coverage car indemnity, your policy likely has two deductibles : one for comprehensive examination and one for collision. These deductibles are the total you claim out of pocket province for in the event of vehicle damage under these coverage types, similar to health policy copay. If you increase one or both of your deductibles — meaning that you are bequeath to pay more out of pouch if you file a vehicle price claim — your premium will broadly go down. But because you will have a higher out-of-pocket expense if you file a call for damage to your car, you should consider your deductible levels carefully and make certain you can afford to pay for losses incurred .
Consider the car you drive
There are some cars that are cheaper to insure than others. Price differences can vary due to the price of parts and labor, the statistical likelihood of accidents, guard features and overall rate. Most indemnity professionals recommend that you get an insurance quote before you buy or lease a vehicle. That way, there are no fiscal surprises and you can factor the insurance cost into your budget to make certain you can afford the vehicle .
How to get the best car insurance for a 20-year-old
The inaugural step to finding the best car insurance for your needs is to understand your situation. Take stock of your rat factors, including the type of cable car you have, any specific coverage types you are looking for, your driving history and what discounts you might qualify for. then, get quotes from several companies that might fit your needs. That manner, you can compare the quotes and companies and choose the option that is correct for you .
Frequently asked questions
How much is car insurance for a 20-year-old?
The national annual average for 20-year-old drivers is $ 3,794 for full coverage car policy. however, your price will depend on your individual situation, including your driving history, the type of car you drive and claims history .
At what age will my rates go down?
Most young drivers tend to see their rates begin to go down by the time they turn 25, assuming no accidents, tickets or DUI convictions show up on their drive records. car policy rates broadly decrease as you get older and gain more experience .
Which state is the most expensive state for 20-year-olds?
car indemnity in Louisiana is presently the most expensive for 20-year-old drivers on average, with an modal annual premium of $ 5,922 per year. however, it ’ s possible for you to secure lower rates by shopping around for coverage, comparing quotes and applying any discounts you are eligible for .
Which state is the cheapest state for a 20-year-old driver?
Hawaii is the cheapest state on average for car insurance for 20-year-olds. presently, the average annual agio is only $ 1,294. Hawaii and Massachusetts are the entirely states that bans the use of age as a fink factor, which likely contributes to the broken median cost for young drivers in the Aloha State .
How much car insurance do 20-year-olds need?
While minimal coverage insurance for 20-year-old drivers is typically cheaper than full coverage insurance by an average of $ 2,669, most indemnity experts recommend purchasing higher limits. Purchasing minimal coverage indemnity could leave you financially vulnerable in the consequence of an accident. If your policy doesn ’ deoxythymidine monophosphate cover all the medical bills or damages associated with a crash, you could end up paying thousands of dollars out of pocket. For this reason, full coverage car policy is frequently a valuable addition when aiming to offer more fiscal protection .
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 20-year-old male and female driver with a clean drive criminal record, good credit rating and the watch full coverage limits :
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each department of state ’ second requirements. Our base profile drivers own a 2019 Toyota Camry, permute five days a week, drive 12,000 miles per annum and have a renters insurance policy. Age: Rates were calculated by evaluating our base visibility with the ages 18-60 ( al-qaeda : 40 years ) applied. Depending on age, drivers may be a renter or homeowner. Hawaii rates indicate age is not a contribute factor. Gender: The play along states do not use sex as a determining factor in calculating premiums : California, Hawaii, Massachusetts, Michigan, Montana, North Carolina, Pennsylvania .